Short M&M
Mahindra & Mahindra is showing signs of a moderate Bearish move which can be of 5 - 10 BPS
OC data suggest indecision in the sentiment
Marubozu candle was formed which shows Bears are trying to pull market downward
RSI is almost in Oversold region
There is also a slight possibility that the next candle would be Doji or a Spinning Top
A strict SL is required if you don't want to lose your money because the sentiment may change any time
Bollinger Band is not contracting which shows there won't be consolidation anytime soon
This Trade is quite risky so there is a very high probability that our prediction may go wrong.
OC data suggest indecision in the sentiment
Marubozu candle was formed which shows Bears are trying to pull market downward
RSI is almost in Oversold region
There is also a slight possibility that the next candle would be Doji or a Spinning Top
A strict SL is required if you don't want to lose your money because the sentiment may change any time
Bollinger Band is not contracting which shows there won't be consolidation anytime soon
This Trade is quite risky so there is a very high probability that our prediction may go wrong.
Trade closed manually
SQUARE OFF M&M WITH A NET PROFIT OF RS 4.45
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.